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<br /> <br />Retiree Summary Reports <br /> <br />"00'" 50"" t <br /> <br /> <br />Employee 4 <br />DOB: 12/15/1946 <br />Age: 59 Years <br /> <br />Date of Hire: 12/10/1979 <br />Years of service: 29 Years <br />Previous service: 0 Years <br />City of LaPorte Total: 29 Years <br /> <br />Age of 59 + 29 years of service = 89 points <br /> <br />Test 1: 80 points met <br />Test 2: 20 + years of service met <br /> <br />If Employee retires after 08/31/06, he would qualify for the retiree <br />health premium discount. <br /> <br />The employee has 29 years service. Per the table, he would fall into <br />the 15% discount provision at City cost per each year as calculated by <br />budget + Dependent Coverage if any. <br /> <br />What would be the cost to this employee if he retired after 08/31 /06? <br />The total cost of his plan as an active employee is: <br /> <br />Employee: <br />Dependents: <br /> <br />$540.41 <br />$ 191 .60 <br /> <br />15% of Employee premium $81.06 + $191.60 = $272.66/Month <br /> <br />tHRH <br /> <br />. <br /> <br />hilb rogal & 1obbs" <br />